Hello, I’d like to find out more on how I can start up a small business? This has been my dream for quite a while, and I would love to follow through on it. I know that it takes money to make money, and that’s my problem — no money. I have heard of grants that are available, but I just don’t know where to go to research these grants. If you could please point me in the right direction, I would really appreciate it. Thank you, in advance and have a wonderful day — Barbara D.
While I’ve never applied for any myself, I’ve heard that getting business grants is a lot work. If you’re looking to start your business quickly, then you might be better off borrowing money from family and friends, otherwise you might want to start with www.business.usa.gov which is “The Official Business Link to the U.S. Government.”
If you go to http://www.business.gov/financing/grants/ they tell you more about small business grants, where to find them (www.grants.gov) and they also break them up into several categories so you can easily navigate your way to getting free money.
FOUNDERS NOTE: Another option to consider is business factoring. Factoring is the process in which businesses with accounts receivables, invoices in collections, can receive funding on future payments by selling them to a factor (the business offering this type of funding). These businesses selling their accounts receivables are able to receive 70% to 85% of their invoice totals before customers pay with this sale.